About the Company

AFBA

AFBA was established in February 1947 with the approval of the Secretary of War, Mr. Robert Patterson. The Chief of Staff, General of the Army Eisenhower also approved the establishment of this non-profit voluntary membership Association "to promote the general welfare and economic interests of its members and their families by providing superior benefits and services principally to military families during peace and war." Membership in AFBA today is available to all members of the Uniformed Military Services; Department of Defense, Department of Homeland Security and other Federal Government employees; Contractor Employees in support of the Uniformed Military Services; State and Local Employees (to include Police Officers, Firefighters and other First Responders); and their families.

Since 1947, AFBA has paid death claims to the beneficiaries of its members serving in Korean, Vietnam, and Persian Gulf conflicts, the terrorist attack on the Pentagon and the Iraqi and Afghan operations. AFBA continues to keep its rolls open during the “War on Terrorism.” AFBA covers nearly 300,000 members with over $36 billion of insurance in force. Claims paid exceed $1 Billion.

Today, AFBA is under the leadership of a Board of Directors of senior active duty and retired military personnel. AFBA continues to honor the mission set forth by its founders—to provide high quality, low cost life insurance products and other financial benefits and services to military families in peace and in war.

AFBA Related Enterprises

In March 1989, a holding company, now known as 5Star Financial, LLC was formed as an umbrella organization to house operating for–profit companies. These companies are designed to provide to the general marketplace, including AFBA members, a full range of financial services including individual life insurance, banking services and mutual funds.

5Star Bank™ was established in 1990 to offer worldwide banking services, which include checking and money market accounts, nationwide residential mortgage loans, traditional and Roth IRAs, and CDs. The Bank is best known for its nationally recognized credit card programs offering platinum and classic no-fee Visa™ and MasterCard™ credit cards.

5Star Life Insurance Company was established in July 1996 and underwrites most of AFBA’s group life insurance programs. Additionally, 5Star Life offers several individual life insurance products.

AFBA 5Star Fund, Inc., a family of mutual funds, was approved in November 1996 by the Board of Directors of 5Star Financial, in accordance with the Investment Company Act of 1940. AFBA 5Star Investment Management Co. manages all aspects of the Fund. Kornitzer Capital Management of Shawnee Mission, Kansas is the Fund’s subadviser. PFPC Distributors, Inc. of King of Prussia, Pennsylvania is the Fund’s distributor. Contact your investment professional for a current prospectus which contains more complete information on all charges, fees, and expenses. Please read it carefully before investing.